UoPExpert

In Chicago there are several large entertainment complexes. These entertainment complexes are important components of the overall city’s makeup. Having these complexes to do well is advantageous to the city. The Chamber of Commerce wanted to determine the relationship between total revenue and profit, in billions of dollars, of 10 complexes. The data that was collected is as follows:

CompanyRevenueProfitCompanyRevenueProfit

A1.5620.762F4.5262.543

B7.6512.343G1.891.0876

C2.2310.231H3.5642.789

D1.8791.102I3.2133.134

E8.3453.546J2.4324.451

Calculate the coefficient of correlation for these two variables.

A. 0.769

B. 0.480

C. 0.434

D. 0.234

Solution Description

In Chicago there are several large entertainment complexes. These entertainment complexes are important components of the overall city’s makeup. Having these complexes to do well is advantageous to the city. The Chamber of Commerce wanted to determine the relationship between total revenue and profit, in billions of dollars, of 10 complexes. The data that was collected is as follows: